Cargotec's Interim Report for January-March 2006
* Cargotec enjoyed record orders in the first quarter of EUR
805 (1-3/2005: 645) million.
* The order book on March 31, 2006 totaled EUR 1,439 (December
31, 2005: 1,257) million.
* Net sales amounted to EUR 614 (1-3/2005: 550) million.
* Operating income was EUR 51.0 (1-3/2005: 36.7) million.
* Cash flow from operating activities before financial items
and taxes totaled EUR 40.6 (1-3/2005: 16.1) million.
* Net income for the reporting period amounted to EUR 34.0
(1-3/2005: 21.6) million.
* Earnings per share were EUR 0.53 (1-3/2005: 0.34).
* Cargotec's market situation is expected to remain good. Order
intake is expected to continue strong during the second quarter of
2006 even if it is not expected to reach the very high first
quarter level. Cargotec's growth is supported by the growth in
orders received as well as acquisitions complementing the
business. Year 2006 net sales are estimated to grow by close to 10
percent while the target is to reach an 8 percent operating
margin.
805 (1-3/2005: 645) million.
* The order book on March 31, 2006 totaled EUR 1,439 (December
31, 2005: 1,257) million.
* Net sales amounted to EUR 614 (1-3/2005: 550) million.
* Operating income was EUR 51.0 (1-3/2005: 36.7) million.
* Cash flow from operating activities before financial items
and taxes totaled EUR 40.6 (1-3/2005: 16.1) million.
* Net income for the reporting period amounted to EUR 34.0
(1-3/2005: 21.6) million.
* Earnings per share were EUR 0.53 (1-3/2005: 0.34).
* Cargotec's market situation is expected to remain good. Order
intake is expected to continue strong during the second quarter of
2006 even if it is not expected to reach the very high first
quarter level. Cargotec's growth is supported by the growth in
orders received as well as acquisitions complementing the
business. Year 2006 net sales are estimated to grow by close to 10
percent while the target is to reach an 8 percent operating
margin.
The comparison figures presented in this Interim Report for
January-March 2005 are pro forma figures.
January-March 2005 are pro forma figures.
Cargotec's President and CEO Carl-Gustaf Bergström:
"Our orders in the first quarter broke records in all of our three
business areas. We have had an excellent start to the year in all
respects and achieved an operating margin of 8 percent for the
rolling 12-month period," states President and CEO Carl-Gustaf
Bergström.
business areas. We have had an excellent start to the year in all
respects and achieved an operating margin of 8 percent for the
rolling 12-month period," states President and CEO Carl-Gustaf
Bergström.
Analyst and Press Conference
An analyst and press conference (in Finnish) will be arranged on
April 24 at 2.00 p.m. Finnish time at Cargotec's head office,
Sörnäisten rantatie 23, Helsinki.
April 24 at 2.00 p.m. Finnish time at Cargotec's head office,
Sörnäisten rantatie 23, Helsinki.
An international telephone conference for analysts and investors
will be held at 4 p.m.
Finnish time. The presentation material will be available on the
Company's internet pages from 2.00 p.m. Finnish time.
will be held at 4 p.m.
Finnish time. The presentation material will be available on the
Company's internet pages from 2.00 p.m. Finnish time.
The conference call phone numbers are as follows:
+1 617 614 3926 (if calling from the U.S.)
+44 20 7365 8426 (if calling from rest of world)
Access code: Cargotec Corporation
+44 20 7365 8426 (if calling from rest of world)
Access code: Cargotec Corporation
The telephone conference can also be viewed as a live audio
webcast through the internet at www.cargotec.com starting at 4.00
p.m. Finnish time. The archived webcast will be posted on the
internet pages later the same day.
webcast through the internet at www.cargotec.com starting at 4.00
p.m. Finnish time. The archived webcast will be posted on the
internet pages later the same day.
The full report including tables can be downloaded from the enclosed link